NIFTY FUTURE (30th MARCH 2012)

NIFTY FUTURE(APRIL)

EXPECTED HIGH 3:5326.40

EXPECTED HIGH 2:5285.80

EXPECTED HIGH 1:5263.10

HURDLE:5222.55

EXPECTED LOW 1:5199.90

EXPECTED LOW 2:5159.30

EXPECTED LOW 3:5136.60

TECHNICAL VIEW

TECHNICAL TREND: BEARISH

MAS:SELL+IS:HEAVY SELL=SUMMARY:HEAVY SELL

RSI(14) 44.774 Sell

STOCH(9,6) 25.330 Sell

STOCHRSI(14) 8.072 Oversold

MACD(12,26) -33.588 Sell

ADX(14) 13.046 Neutral

Williams %R -84.590 Oversold

CCI(14) -84.5016 Sell

ATR(14) 105.4464 Less Volatility

Highs/Lows(14) -39.1964 Sell

Ultimate Oscillator 39.226 Sell

ROC -2.602 Sell

Bull/Bear Power(13) -93.4580 Sell

BEST LEVELS

5256.34 SELL (DMA5)
5277.40 SELL (DMA10)
5321.55 SELL (DMA20)
5275.10 SELL (DMA50)
 5210.45 buy (DMA100)
 5240.80 SELL (DMA200)
MOMENTUM TRADE

BUY NIFTY FUTURE(APRIL) ABOVE 5268 TGT 5293 AND 5320 SL BELOW 5235
SELL NIFTY FUTURE(APRIL) BELOW 5185 TGT 5159 AND 5134 SL ABOVE 5217

NIFTY ANALYST VIEW

5239-5246-5255 is a strong resistance zone for NIFTY FUTURE.

On remaining above 5239 will indicate strength of NIFTY FUTURE.

If NIFTY FUTURE manages to cross 5255 level

then we may see 5295 level too.

On open/break/remaining below 5239

will indicate weakness of NIFTY FUTURE.

Below 5239,

NIFTY FUTURE will go up to 5200-5185.

Break and remaining below 5185

will take NIFTY FUTURE to 5114 level very soon,

if not today then may be on Monday.

YESTERDAY VIEW

MARKETUPDATER